KKR Income Opportunities Fund (NYSE:KIO) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Shares of KKR Income Opportunities Fund (NYSE:KIO) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $11.27 and traded as high as $11.38. KKR Income Opportunities Fund shares last traded at $11.3630, with a volume of 225,375 shares traded.

KKR Income Opportunities Fund Trading Down 0.6%

The firm has a fifty day simple moving average of $11.27 and a two-hundred day simple moving average of $11.32.

KKR Income Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be given a $0.1215 dividend. The ex-dividend date is Friday, September 11th. This represents a c) annualized dividend and a dividend yield of 12.8%.

Institutional Trading of KKR Income Opportunities Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in shares of KKR Income Opportunities Fund by 59.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,971 shares of the investment management company’s stock worth $34,000 after purchasing an additional 1,103 shares in the last quarter. Blue Trust Inc. lifted its position in KKR Income Opportunities Fund by 10,475.0% during the fourth quarter. Blue Trust Inc. now owns 6,345 shares of the investment management company’s stock valued at $74,000 after purchasing an additional 6,285 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in KKR Income Opportunities Fund during the fourth quarter valued at approximately $88,000. Allspring Global Investments Holdings LLC purchased a new position in KKR Income Opportunities Fund in the 1st quarter worth approximately $112,000. Finally, Marex Group plc bought a new position in shares of KKR Income Opportunities Fund in the 4th quarter worth $117,000.

KKR Income Opportunities Fund Company Profile

KKR Income Opportunities Fund (NYSE: KIO) is a diversified, closed-end management investment company that seeks to provide attractive current income and capital appreciation by investing primarily in corporate credit instruments. Managed by KKR Income Opportunities Advisors, LLC, the fund leverages the global credit platform of KKR & Co Inc, deploying capital across a broad spectrum of debt securities—including broadly syndicated loans, high-yield bonds, convertible bonds, private credit, and other credit-related instruments.

Since its initial public offering in June 2018, the fund has pursued a flexible, research-driven strategy designed to capture opportunities across credit markets.